JamesBrey Blackstone Secured Lending (NYSE:BXSL) convinces with its strong net investment income trajectory, a low pay-out ratio, top loan quality, a growing net asset value as well as a commitment to raising the quarterly dividend. Although I am not chiefly a BDC investor, I believe Blackstone Secured Lending makes a very strong value proposition for…
JamesBrey As my regular readers probably know, I am not bullish on the BDC (BIZD) sector right now. I recently sounded caution on sector blue chips Ares Capital Corp (ARCC) and Main Street Capital (MAIN) while also pointing out the challenges being faced by FS KKR (FSK) as well as the sector as a whole….
Pixelimage Blackstone Secured Lending (NYSE:BXSL) out-earned its dividend with net investment income in the fourth quarter which in turn led to the BDC reporting a 1% QoQ increase in its net asset value per share. The BDC’s large floating-rate debt portfolio is still producing top results for Blackstone Secured Lending and BXSL is a rare…
Carlyle Secured Lending Inc. (NASDAQ:CGBD) Q4 2023 Results Conference Call February 27, 2024 11:00 AM ET Company Participants Daniel Hahn – Shareholder Relations Aren LeeKong – Chief Executive Officer Tom Hennigan – Chief Financial Officer Conference Call Participants Bryce Rowe – B. Riley Finian O’Shea – Wells Fargo Securities Arren Cyganovich – Citi Melissa Wedel…
TERADAT SANTIVIVUT By Raffaele Savi and Jeff Shen, PhD As we look ahead, our systematic analysis continues to support the case for an eventual “soft landing” economic scenario, where inflation falls to central bank targets without causing a recession. But the macroeconomic and market backdrop isn’t without uncertainty, and there are several unknowns facing equity…
ugurhan Blackstone Secured Lending Fund (NYSE:BXSL) is a business development company or BDC externally managed by Blackstone Credit BDC Advisors. As a result, BXSL benefits from Blackstone Credit’s massive scale while leveraging its parent, the leading alternative asset manager, Blackstone Inc. (BX). BXSL benefits from Blackstone Credits’ “strong backing and potential access to high-quality investment…
AerialPerspective Works The decision to make Blackstone Secured Lending (NYSE:BXSL) my second-largest business development company holding after Hercules Capital (HTGC) was driven by three core factors. The BDC’s net asset value per share has been rising, it continues to out-earn its quarterly base dividend, and underwriting quality remains extremely high with loans on non-accrual status…
WANAN YOSSINGKUM/iStock via Getty Images Introduction Carlyle Secured Lending (NASDAQ:CGBD) is a specialty finance company doing business as a Business Development Company (‘BDC’). The BDC is focusing on secured debt investments in the middle market companies (with a market capitalization of $25-100M). Carlyle focuses on companies whose debt would be rated below investment grade. As…
Dilok Klaisataporn If you are a passive income investor like me, you probably feel like a kid in the candy store right now. BDCs and REITs are selling at much lower NAV multiples again, creating an abundance of opportunities to invest capital in the battered BDC sector. One BDC that I have bought again on…
koto_feja/iStock via Getty Images We recently sold our position in Blackstone Secured Lending (NYSE:BXSL) after holding it for nearly one year and earning a strong profit on our position. While the ~11% dividend yield is certainly attractive and appears sustainable for at least the near term, we sold our position for three reasons that undermine…
porcorex Introduction Over the coming months, I will have a series of articles discussing how to build a balanced retirement portfolio using Business Development Companies (“BDCs”) common stocks currently yielding almost 12% and their safer notes – baby bonds/preferred shares with yield-to-maturities ranging from 6.5% to 9.0%. This article discusses Blackstone Secured Lending (NYSE:BXSL) currently…
Regarding SpaceX, Musk holds the title of the largest shareholder, with an impressive 42 percent stake. Elon Musk, the visionary entrepreneur known for pushing the boundaries of space exploration and electric vehicles, has once again captured headlines for his audacious financial moves. A recent report from the Wall Street Journal (WSJ) has revealed that Musk…
Andrey Elkin/iStock via Getty Images Carlyle Secured Lending Inc (NASDAQ:CGBD) reported another set of solid quarterly results earlier this week. From these results it is clear that the BDC continued to perform well, and the dividend remains adequately covered by net investment income (NII). However, like many other BDCs, Carlyle Secured Lending saw a decline…